Restaurant Brands (QSR) Misses Q3 EPS by 5c

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RBC Capital Raises Price Target on Restaurant Brands (QSR) to $54

October 25, 2016 7:01 AM EDT

RBC Capital reiterated an Outperform rating on Restaurant Brands International (NYSE: QSR), and raised the price target to $54.00 (from $49.00), following the company's 3Q earnings report. 2016 and 2017 EPS estimates were raised from $1.49 and $1.69 to $1.54 (cons. $1.54) and $1.72 (cons. $1.77), respectively.

Analyst David Palmer commented,... More